Rheinmetall in talks to acquire Thyssenkrupp's marine systems unit, could exit its automotive unit to finance deal - report (translated)
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Rheinmetall, the German defence group, is in talks to acquire Thyssenkrupp's marine systems unit, Der Tagesspiegel reported.
The German daily cited unnamed company sources as saying that Rheinmetall Chief, Armin Papperger is in exploratory talks to acquire the unit.
Thyssenkrupp's marine systems unit has annual revenues of EUR 1.3bn and is a leading submarine construction company, the report stated. Rheinmetall could exit its automotive unit to finance the deal, the item added.
Rheinmetall was unavailable for comment, the article noted.
Source Der Tagesspiegel